5. Investing in sustainable technology and practices

In addition to improving CITGO’s operational and environmental efficiency, the objective of this strategy is to position the company as a leader in environmental responsibility within the oil industry.

Concrete actions reflect the commitment to sustainability and innovation, aspects that are increasingly valued by both consumers and investors.

1. Clean technologies and energy efficiency

Investing and implementing energy management and emission treatment technologies allows us to monitor and optimize the use of natural resources while achieving more efficient and less polluting processes for oil refining.

2. Renewable energies

Incorporate renewable energy sources, such as solar or wind, into CITGO's facilities to reduce dependence on fossil fuels and reduce carbon emissions associated with operations.

3. Water and Waste Management

In addition to implementing water recycling and reuse to minimize freshwater consumption, the company seeks to adopt waste minimization and management practices, including technologies for the treatment and recycling of refining byproducts.

4. Environmental certifications and standards

Work to maintain international certifications in environmental management, such as ISO 14001, that demonstrate CITGO's commitment to sustainable practices and the continuous improvement of its environmental performance.

5. Product innovation

Invest in research and development to produce cleaner and alternative fuels, such as biofuels, which can significantly reduce greenhouse gas emissions.

6. Commitment to the community and the environment

To participate in and sponsor reforestation and conservation projects, as well as environmental education programs, to offset carbon emissions, contribute to the preservation of biodiversity, and promote sustainable practices.

7. Reporting and transparency

Publish sustainability reports detailing CITGO's achievements in terms of energy efficiency, emissions reduction, waste management, and sustainability projects, providing a clear and transparent view of its environmental performance.

Learn about other PDVSA Ad Hoc strategies

Maintain CITGO's transparency and corporate governance
Strengthen the legal strategy to protect CITGO
Diversifying crude oil supply sources
Lifting of sanctions in exchange for democratic progress in Venezuela